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Search Results 0 to 28 of about 29 (some duplicates have been removed)
if the u.s. economy goes over the fiscal cliff. >>> and the fed takes the new and surprising step in its ongoing efforts to boost the economy, tying interest rates directly to the u.s. unemployment rate. >>> plus, investors cheering the plan to save danone's plans to offset losses over the next two years. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> welcome to the program. coming up on today's show, we'll be plenty busy. we head out to tokyo where carry enjoji has been talking about the upcoming elections. then, we hone in on central london where one pilot project is living roof and major buildings. find out what green living can do go r to improve the area. >>> and today, the 1 billionth international tourist will reportedly arrive at a destination in the world. at 11:20 central time, we'll speak to the world travel council to find out why france is still the world's top destination but more money is spent in the u.s. and central america is now a star performer. first, we want to get the latest news. looking for confidence out
alarmed people in neighboring countries. senior officials have met with their u.s. counterparts to coordinate their response. south korea's chief nuclear negotiator and the head of the japanese foreign ministries headed to washington. they met with u.s. special representative on north korea, glen davies. they will continue diplomatic efforts until the last minute. >> translator: we also agreed that the international community should take firm action if north korea goes ahead with the launch. >> sugiyama said he hopes to visit beijing to discuss the matter with chinese officials. >> they're ignored warnings over the year when they went ahead with a launch that ended in failure. covering the korean peninsula, we see why leaders in the north are pushing ahead despite opposition. >> reporter: the ballistic missile launch will be the second since kim jong-un took power a year ago. it will use the same launch pad, a site in the northwestern part of the country. before the first testing, officials said the three-stage rocket was meant to carry a satellite. but japan and the u.s. and so
on, pressure on the price of oil, indisexposeble incomes and henry joins us now. 2013, what does pressure on the price of oil mean? >> downward, i think. i think what we see is some significant nonopec finds. we see falling u.s. demand, rising supply. we see miles driven. there's technology at play. probably the biggest thing that could happen to the auto industry and we can come on to that. that's only a few years out. the message from the futures market that we're get sg oil should be some $10 to $15 lower. if we were to get $10 off the oil price, it broadly equate toes about 1% gdp surprising the western world. it's that time of year where we're pending our thoughts to next year. tangible, economic prices to next year. it will be oil related, a chance, good job with raising the tax threshold in the uk. that means for the first year in five. uk link will be up, not down. and them i also think thattory thing our chancellor did a good job of was she raised taxes by 10 so companies can invest a 215 pounds, not just 200 pounds. >> that's a leverage the other governments have been t
♪ >>> more yen selling. the u.s. dollar is rising further against the japanese currency on the foreign exchange market. the dollar has risen to the 85-yen level for the first time in 20 months. investors are selling yen on the tokyo foreign exchange on speculation policy makers at the bank of japan will agree to an inflation target proposed by the incoming administration. the new prime minister shinzo abe will take up office later in the day. analysts say the b.o.j. will likely further boost its monetary easing measures. the dollar is currently trading at 85.26-31 yen. ai uchida joins us now from the business desk for more on that. so ai, investors have been trading the dollar-yen quite dramatically over the last several weeks. >> that's right, catherine. just a month and a half ago that pair was trading in the mid 79-yen range. almost six whole yen weaker in just six weeks. a dramatic move indeed. so going forward, what can we expect? well, we spoke to disaburo nezo for his outlook. he is a senior executive fellow at fujitsu research institute. >> the yen's future is no
us for more is alan capp, head of credit straebtegyt lloyds. alan, let's get your reaction. the number is going in the right direction. does it make much of a difference? >> right now the equity markets have had a great run. they're looking a bit overstretched. so i'm strul link to see how financial markets will respond positively to this. i think we need something bell to repel us forward. >> what do these numbers translate into in your forecast? >> what these are suggesting to us is manufacturing will not be able to support any growth in the eurozone, so it suggests that the downturn in gdp is likely to continue into fourth quarter, remain in recession and that's obviously a struggle on global growth, as well. >> and we stay in recession in the first quarter? we're now in december. >> there are some signs particularly the china pmi numbers and what we've seen from gdp recently that maybe some of the markets key to u.s. exporters may be showing signs of stabilizing, maybe get to growth. so that might mean moderation in the eurozone might ease in the first quarter. but agai
with u.s. president barack obama. they talked about meeting next month in washington. it would be abe's first foreign visit after forming a new government. he's made strengthening the japan/u.s. relationship a priority. nhk world has more from washington. >> people in the obama administration place a high priority on stability in the asia-pacific. they have been troubled by increasing tension between japan and china over which country owns the senkaku islands in the east china sea. their concerned thathe conflict i claims allowed to fester could unsettled dynamic in the region. they want to see policies and sophisticated diplomacy to calm the swaituation. they're drawn into military confrontation because of their alliance with japan. >> our message to the new japanese government will be the same as the message to the former japanese government, which is that we want to see both japan and china avoid provocative acts. we want to see them talk to each other and work this through by dialogue. >> now japan has stirred up another territorial dispute with south korea. u.s. official want up
as a lawmaker. she used the ruling party's organizational power to her full advantage in promoting her campaign. she focused on the province of shenzen to lock in votes of conservatives and secured the overwhelming support and the support of voters in the 50s and older who wanted stability. at the same time, park distanced herself from outgoing president lee myung bak, also a member of the ruling party. he came under fire over the widening income disparity and corruption involving his relatives and close aides. park even criticized his government during the campaign. >> okay, kahu, we will be back to you in a minute. we'll be back to you in a few minutes. >>> first, let's learn a little more about park kunei. not just south korea's first female president, also the first child of a former president to win the country's highest office. we take a closer look at her life. >> reporter: park studied engineering in seoul. she is single. >> translator: i'm determined to do my utmost to bring peace and security to this country. >> reporter: the 60-year-old politician is the daughter of for president p
experts used data from previous launches to make their estimate. they say a missile launched in 2009 had a range of almost 7,000 kilometers. north korean officials tried again in april. that one exploded shortly after takeoff, but the first booster burned 18 seconds longer than those used in previous attempts. the experts believe engineers may have succeeded in reducing the size of a nuclear warhead. south korean officials say workers have completed the assembly of the three-stage missile. they say once the crew injects the fuel, it will be ready to go. authorities in pyongyang say they'll launch between the 10th and 22nd of this month. they say they're sending a satellite into orbit, but leaders of japan and other countries believe the north koreans are carrying out a test of a long-range ballistic missile. >>> the senior u.s. diplomat on north korea has warned the leadership there. he said the u.s. will refer the matter to the u.n. security council if they go ahead with the launch. >> we will be prepared to work with our partners, including the united nations security counc
they are investing from pre-k through college. there will have more in china and any of them the entire u.s. work force. we're focused on a global economy. those from harvard are competing globally with students from china, germany, brazil. tavis that transform the way we think about education? do you think your role as straining american leaders? are you looking at attracting global leaders? >> there are so many questions. let me address a few of them. there are numerous kind of statistics that we have a preeminence of college graduates in our populations and levels of participation. we are losing this. we have once last three of the world's college graduates. that is an interesting illustration of a shift in the dynamism. i see this when i travel. a huge commitment to public resources. huge energy to enthusiasm of higher education. india wants 1500 new universities by 2020. alicia's in a meeting about hong kong this week. i learned that hong kong university is expanding undergraduate education from three years to four years because they think it is not giving students enough time. there are all
on the reaction to these figures, we have rob doddson with us. rob, welcome. it appears ta stronger services may be weaker on the manufacturing relative to expectations, at least, but the message broadly is still contraction. >> that's the case. we're seeing the pmi indexes track a bit higher over the last few months. so nothing spectacular there. but this does raise hopes that maybe we could see growth coming into the first quarter. the eu, banking -- things like nap but, again, still down. >> not great news for france if we start to look at some of the indexes. there's a lot of focus on this economy. >> exactly. and the weakest spots, given that it's the second largest economy. now, we did see that return to growth for germany, which is a positive and will be a good gain forward. but say order box, very weak. demand, very weak. business confidence very weak and this is going to be hitting activity indicators going forward. >> even though the manufacturing side of it disappointed, the services was stronger. while services is a big part of the economy, it's where we're trying to see the rebalanc
of our u.s. voouers to find cnbc world because they could get three hours of you, carol and carolin for the rest of the week. >> whatever they can do. record it and fast forward to the good bits. >> yeah. >> it will be 2:00, 3:00 in the morning or whatever. >>> on today's show, plenty to come on. >> yes. the south american union faces ejection from the imf for allegedly cooking its books about the innation rate. we'll head out to europe where the swiss banking giants could be facing $1.6 billion over libor rate rigging allegations. >> and we'll be on the floor in beijing where china's leaders just wrapped up a major conference. >>> and japan's prime minister election is calling on the bank of japan to heed the call of the masses. abe is beating the heat on the boj just one day after his party's huge win and two days after the bank's next rate setting meeting. kaori enjoji has the latest for us. how much of a game changer is all this? >> this is a serious game changer. it's a comeback for the dlp and shinzo abe. he has made it clear that the economy and economic recovery is going to
republicans put forward their plan to cut the u.s. deficit, but the proposal is quickly dismissed by democrats and the white house. >>> and australia central bank cuts interest rates to the lowest level since the financial crisis in a bid to get ahead of sluggish commodities demand. we're on tuesday and off to a slightly, what, soft close yesterday for european stocks. right now we're pretty evenlies passed, advancers just about outpacing decliners on the stoxx 600, but not by much, 5:4 if that. so one hour into the trading session, this is where we stand. the ftse 100 just flat, a flat close yesterday. the dax was essentially fairly flat yesterday. up just ten points. the cac 40 yesterday doing a little bit better, up 0.2%. first pointing out ftse up 9 out of the last 11. we have seen yields continue to decline in spain. just 5.23%, but still capped. spain requesting financial assistance. we'll keep our eye on the uk as we head toward the bank of england meeting this week p. dollar index has hit a one month low. you're redollar up to euro-dollar up near the high we saw yesterday. dollar-yen m
to 2030. they say the u.s. won't be the world's only superpower. the council says china will pass the u.s. economically a few years before 2030. the council's analysts say the u.s. will remain unrivaled in its ability to orchestrate all aspects of power including the military it the analysts say the japanese economy will gradually shrink as the population ages and the labor force contracts. they say japan will retain fourth place in terms of overall power, trailing only the u.s., china and india. the council experts say asian countries such as india and indonesia are likely to boost their military power. but they warn of an arms race in asia. if the u.s. scales back its military commitment in the region. they say some tionmay begin developing nuclear weapons. new car sales are fueling china's economy. sales grew 8.2% in november from the same time last year. officials say nearly 1.8 million units were sold last month. japanese firms lost out after chinese consumers boytted their vehicles over a territorial dispute. they saw a slight improvement last month. total new car sales this china w
.3 earthquake strikes japan's northeast coast. tsunami warnings have been issued. job growth in the u.s. are expected to have slowed significantly in november as hurricane sandy battered the economy. and euro hits a session low, 0.4% as problems in europe's periphery continue to weigh. a powerful 7.3 magnitude earthquake has struck across japan's northeastern coast. the quake rocked buildings as far as tokyo according to reports. u.s. geological survey said there was no threat in the wider pacific ocean. the yen has been rising to a session high before we got details of that. and right now, you can see dollar-yen at 82.39. 82.17 before that happened. some safe haven in-flows into japanese currency. if there was going to be a wave in terms of tsunami that was going to hit, it would have happened around five, six minutes ago and she had yet to see any specific drop or change in the sea level. so we'll hope that that continues on that particular way. atomic power says no irregularities seen at its nuclear plant. operations are normal after the quake. so we'll keep our eyes on that. and we'
us december 16th for "japan decides." >>> continued violence in afghanistan has cast a shadow over plans for the country to take over it's own security in 2013. the pentagon insists things are back on track. and uses phrase dramatically improved to describe the situation in a new report. we have a report from our bureau in bangkok. >> the u.s. department of defense has released its latest report on the on going battle with taliban in afghanistan. progress has been made, but much remains to be done. pressing issue, how to best train afghan forces to maintain security. the report released to the u.s. congress on monday. a key claim is that 76% of the country's population lives in areas where afghan police and troops maintain the leading role in security. it also states that attacks by the taliban rose by 1% for the period of april to september, known as the afghan fighting season. the pentagon says increased violence centered on rural areas and security in cities dramatically improved during the same period. since the start of the year, attacks fell 22% in kabul, 62% in kandahar, and
1,900 were injured. officials alleged that abhisit and his deputy prime minister were aware the use of firearms by security forces could cause civilian casualties. >>> authorities in north korea are pressing ahead with their plans to launch what they call a rocket. south korean government officials say their neighbors are sending up a missile. they say it has a range of more than 10,000 kilometers, capable of reaching the u.s. west coast. experts used data from previous launches to make their estimate. they say a missile launched in 2009 had a range of almost 7,000 kilometers. north korean officials tried again in april. that one exploded shortly after takeoff. but the first booster burned 18 seconds longer than those used in previous attempts. the experts believe engineers may have succeeded in reducing the size of a nuclear warhead. south korean officials say workers have completed assembly of the three-stage missile. they say once the crew injects the fuel, it would be ready to go. authorities in pyongyang say they'll launch between the 10th and 22nd of this month. they say they'
the sazian session? only one lady to tell us. >> thank you, ross. asian markets ended mix. japan's bourses outperformed the region. despite a slight improvement in november corporate sentiment showed weakness. knee sap finished lower as they planned to recall nearly 50,000 cars in japan. shanghai composite pulled back after yesterday's 3% surge. investors booked profit. property developments seemed to have legs. the hang sent also ended marginally in the red. hsbc came under pressure after reports say it may pay a $1.8 billion fine over the money dering scandal. in australia, strong jobs data failed to boost the market. the asx 200 finished lower by a quarter percent. sensex still in action now trading lower by 0.4%. back to you. >> all right. catch you later. apple had its worst day in four years dragging down the nasdaq. different story for the dow. at one point dow was up more than 100 points. the last time the index closed up triple dinlg et gains, the way back in may two 2. joining us for the first part of the program, nick khar. thanks for joining us. xetra dax up 52 week highs. whic
policy. >>> in the u.s. president barack obama and republican house speaker john boehner are scrambling to avoid the looming fiscal cliff. they're trying to reach an agreement on how to tax the wealthy. the president offered to limit tax hikes for people earning more than $400,000 a year. instead of his original proposal of $250,000. but republicans are calling for more concessions. >> what we've offered meets the definition of balance. but the president is not there yet. >> boehner said he will submit a bill to the house later this week proposing higher taxes only on people with income over $1 million a year. white house spokesperson jay carney said the two sides are close to a deal. >> the president has demonstrated obvious willingness to compromise and to move more than halfway. toward the republicans. >> spending cuts and tax increases including hikes on the middle class are set to take effect in the new year. the democrats and republicans will need to reach an agreement before then or the u.s. could face a recession. >>> let's check on the markets for this wednesday morning. well,
>>> glad to have you with us on this edition of "newsline." it's friday, december 21st. i'm catherine kobayashi in tokyo. they're hoping consumers will keep spending and not just on christmas presents. we have joined from the business desk with the numbers. >> the magic number is considered a rate that reflects a healthy stream of goods an services. the previous estimate didn't reach that number. officials at the commerce department have changed the picture of the economy filling in some gaps. they say the pace of growth is the highest. commerce department officials revised up their growth rate. gross domestic product grew from the previous quarter. it was up by 0.4% from the figure last month. it was up from 1.4 to 1.6%. consumer spending does account for 70% of gdp. expert growth was revised from 1.1% to 1.9%. federal government spending was changed. it was revised downward slightly but maintain the pace of 13.5%. still the u.s. economic outlook remains uncertain. the obama administration and the republicans are at a stand still to resolve the tax increases. here in japa
. we have two guest hosts with us. welcome to both of you you. we have a lot of things to talk about. the white house says that a republican counteroffer does not meet the test of balance. the latest republican offer would overhaul the tax code and raise $800 billion in new revenue, it would also seek $600 billion in health savings and $200 billion for revising the cost of living increases for social security. the net savings would add up to $2.2 trillion over ten years. now, again, this is the republican counterproposal to the plan that the white house has already put out. speaker john boehner has said that this is something that is much closer to the bowles-simpson proposal. erskine bowles saying the gop offer does not represent the plan, he says both sides are kind of far away from it at this point and that it's now up to negotiators to figure out where the middle ground is today. >> bowles said that the mid point that i used back in -- this is where we were last year. so used the mid point of the negotiations, but it's in longer the mid point i guess. >> he also said -- he is a t
target. talks about the level of u.s. production, rivalries between iran and saudi arabia, and a new secretary general could get heated. >>> italy likely to see a strong uptai uptake thanks to supply reductions before year end. >>> and let's twist again. the fed set to announce a fresh around of bond purchases to match the outgoing twist program at the end of the year. >>> the international community blasts north korea after it successfully launches a long-range rocket, prompting an emergency u.n. security council meeting. >>> all right. a very good morning to you. we are going to be on to opec later. we've got the latest i.a. data out this morning. they're saying global oil demand projected around 90.5 million barrels a day. more than forecast. they say non-opec production bouncing back. an something bit. they're saying opec crude supply inched up in november led by higher output from saudi arabia. >> i think we'll have to call this today the case of the two oil reports. we have the opec report that they put out ahead of the meeting showing different figures from what the iea is say
many japanese to question the use of atomic energy. the former government said it would aim to take all react ors off line within a couple of decades but now a new government is in power and promising a different approach. >> reporter: kaho izumitani is putting everything on the table when it comes to energy policy. they will explore possibilities including restarting nuclear reactors. >> translator: we need to decide our energy policy based on technical assessments. we will not start with the conclusion of halting nuclear power generation by the 2030s. >> reporter: the previous administration led by former prime minister yoshihko noda drafted an energy policy that stated the government would aim to shut down all nuclear plants by the 2030s. before last year's accident in fukushima, nuclear power accounted for 26% of the total energy supply in japan. currently only two out of 50 reactors in the country are online adding a mere 3% to the supply. fossil fuels are taking up the slack. utilities are paying more to import liquified natural gas to fire thermal plants. many are planning to rai
-- please give them a big round of applause. [applause] i want to thank martin for hosting us. i want to thank jeff and gibby for giving me a great tour of the factory. [applause] i've got to say i love coming to factories. >> i love you! >> i love you. so in addition to seeing the best workers in the world -- you've also got all this cool equipment. [laughter] i wanted to try out some of the equipment, but secret service wouldn't let me. [laughter] they said, you're going to drop something on your head, hurt yourself. [laughter] they were worried i'd mess something up. and jeff and gibby may not admit it, but i think they were pretty happy the secret service wouldn't let me touch the equipment. now, it's been a little over a month since the election came to an end. [applause] so it's now safe for you to turn your televisions back on. [laughter] all those scary political ads are off the air. you can answer your phone again -- nobody is calling you in the middle of dinner asking for your support. but, look, i have to admit there's one part of the campaign that i miss, and that is it is
, he wrote in the margin, i doubt. it took us three months just to take this on. when the spending request came in, ike would say i know those boys down at the pentagon. ike believed the real national security came from a sound economy. he was a deficit hawk. he controlled government spending and package. his famous speech warning against military-industrial complex came at the end of his presidency but, in fact, he been working on it all a long. mostly behind the scenes. heaven help us, he liked to say, that we'll get a president who knows less about the military than i do. this approach to the military was not just about the economy. in the berlin crisis in 58-59 and in early crisis with korea and vietnam in 1953, 54, the almost straight, the suez crisis in 1956, eisenhower was playing a bigger game for higher stakes. a west point cadet and a young army officer, ike had been a great poker player. indeed, he was so good that he had to give it up. he was taking too much money from his fellow officers and it was hurting his career. he switched to bridge, but he never forgot how to b
but maintain the pace of 13.5%. still the u.s. economic outlook remains uncertain. the obama administration and the republicans are at a stand still to resolve the tax increases. here in japan the central bank has started to consider a concrete inflation target. this is in response to a request made by the incoming leader. policy makers reviewed the inflation goal at a board meeting on thursday. they aim to reach a conclusion at their next meeting in january. liberal democratic party leader wants to pull japan's economy out of deflation once the new administration is in place. he's asking the boj to sign a policy accord with the incoming coming to make the target 2%. the rate remains at around 0%. it averaged at the lower 1% range during the bubble era in the late 1980s. some boj officials insist they should study the inflation impact on people's lives if it should double. others agree it might make it difficult to steer monetary measures in strview of economic conditions. the bank of japan plans to exam how its inflation target should be sent and when it shoultd be reached. let's g let's g
will be done in coordination with u.s. forces. defense officials in seoul are also considering raising the country's alerstatus by one notch. japan's self-defense forces are on the alert in advance of this possible missile launch. the maritime sdf vessel carrying pac-3 missile interceptors has left its home port in hiroshima bound for okinawa. the pac-3 surface-to-air missiles are capable of shooting down debris should it come near the ground. the interceptors will be placed at several sites in okinawa. defense ministry officials expect the missile's flight path could take it over the islands of okinawa. commanders say they'll deploy aegis cruisers in those waters. they say they would only react if debris from a missile fell over japanese territory. >>> investigators are trying to understand why a highway tunnel near tokyo collapsed. panels on the tunnel's ceiling gave way, trapping people inside. nine people were killed. the accident happened sunday morning along a highway connecting tokyo to other parts of central japan. operators say bolts holding up concrete panels on the ceiling m
Search Results 0 to 28 of about 29 (some duplicates have been removed)